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Liberty Mutual Employee Benefit Analysis

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Liberty Mutual Insurance is a global insurer based out of Boston, Massachusetts, that helps people preserve and protect what they earn, build, own, and cherish. They have been in business since 1912 and have operations in 30 countries and economies around the world. They are ranked 73rd on the Fortune 100 list of largest corporations in the U.S. based on 2015 revenue (About Liberty Mutual, 2016). Liberty Mutual Benefits (LMB) offers employee benefit products and services including disability, life, voluntary and absence management along with individual life and annuity products. They are the fastest growing group life and disability carrier, according to Gen Re Group Market Survey. They also have a retention rate of more than 95% of their book of business. (Liberty Mutual Appoints Rebecca Schechter to lead Liberty Mutual Benefits, 2016). The focus of Liberty Mutual employee benefit products is timely and quality service to support an organization’s employees. Employees are the most important part of any operation and play a key role in its success. In addition to custom tailored solutions, Liberty Mutual offers their expertise in safety directly from the Liberty Mutual Research Institute for Safety. The mission of the Liberty Mutual Research Institute for Safety…show more content…
Their response to LMB entering the midmarket space was positive. To move forward with this growth, LMB has broadened their market focus as a new service model and business platform was designed. Since other carriers have also ventured into the midmarket, LMB has addressed the challenges that they faced. Most importantly, LMB discussed the importance of not losing focus on the core business that made them so successful. Early Request for Proposal (RFP) submission flow looks promising with quoting capabilities in 36
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